Distress & Bankruptcy

Cyxtera Technologies, Inc. entered chapter 11 in United States Bankruptcy Court for the District of New Jersey (petition 2023-11-16).

“On November 16, 2023, the Bankruptcy Court held a confirmation hearing to approve the Company’s Fourth Amended Joint Plan of Reorganization of Cyxtera Technologies, Inc. and Its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code and the Transactions contemplated thereunder (the “ Plan ”). The Bankruptcy Court approved the Plan, and on November 17, 2023, the Bankruptcy Court entered the Revised Findings of Fact, Conclusions of Law, and Order Confirming the Fourth Amended Joint Plan of Reorganization of Cyxtera Technologies, Inc. and Its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code (the “ Confirmation Order ”) confirming the Plan.”

IronNet, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-10-12).

“filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code”

Core Scientific, Inc./tx entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2022-12-21).

“On December 21, 2022, Core Scientific, Inc. (the “ Company ”) and certain of its affiliates (collectively, the “ Debtors ”) filed voluntary petitions (the “ Chapter 11 Cases ”) in the United States Bankruptcy Court for the Southern District of Texas (the “ Bankruptcy Court ”) seeking relief under Chapter 11 of Title 11 of the United States Code (the “ Bankruptcy Code ”).”

ATHERSYS, INC / NEW entered chapter 11 in United States Bankruptcy Court for the Northern District of Ohio (petition 2024-01-05).

“On January 5, 2024 (the “Petition Date”), Athersys, Inc. (the “Company”) and its direct and indirect subsidiaries, ABT Holding Company, Advanced Biotherapeutics, Inc., ReGenesys, LLC, and ReGenesys BVBA (collectively with the Company, the “Debtors”), filed voluntary petitions (the “Bankruptcy Petitions”) for relief under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Northern District of Ohio (such court, the “Court”; and such cases, the “Cases”).”

HUMANIGEN, INC entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2024-01-03).

“On January 3, 2024 (the “Petition Date”), Humanigen, Inc. (the “Company”) filed a voluntary petition under chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The Company’s chapter 11 case (the “Chapter 11 Case”) is being administered under the caption, In re Humanigen, Inc. , Case No. 24-10003 (BLS).”

AUDACY, INC. entered chapter 11 in U.S. Bankruptcy Court (petition 2024-01-07).

“On January 7, 2024, the Debtors filed voluntary petitions for relief (the “ Bankruptcy Petitions ”) under Chapter 11 in the Bankruptcy Court. The Debtors are seeking Bankruptcy Court authorization to jointly administer the Chapter 11 Cases under the caption “In re: Audacy, Inc., et al.” Case No. 24-90004 (CML).”

RITE AID CORP entered chapter 11 in United States Bankruptcy Court for the District of New Jersey.

“under chapter 11 (the “Chapter 11 Cases”) of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of New Jersey (the “Bankruptcy Court”).”

Bird Global, Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of Florida (petition 2023-12-20).

“On December 20, 2023 (the “Petition Date”), Bird Global, Inc. (“Bird” or the “Company”) and certain of its direct and indirect subsidiaries including Bird Rides, Inc., Bird Holdco, LLC, Bird Opco, LLC, and Skinny Labs, Inc. (dba Spin) (together with the Company, the “Debtors”) filed voluntary petitions to commence proceedings under chapter 11 (the “Chapter 11 Cases”) of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Florida (the “Bankruptcy Court”).”

Bird Global, Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of Florida (petition 2023-12-20).

“On December 20, 2023 (the “Petition Date”), Bird Global, Inc. (“Bird” or the “Company”) and certain of its direct and indirect subsidiaries including Bird Rides, Inc., Bird Holdco, LLC, Bird Opco, LLC, and Skinny Labs, Inc. (dba Spin) (together with the Company, the “Debtors”) filed voluntary petitions to commence proceedings under chapter 11 (the “Chapter 11 Cases”) of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Florida (the “Bankruptcy Court”).”

ID Auto, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-12-26).

“on December 26, 2023 (the “Petition Date”), the Debtors filed voluntary petitions (Case Numbers. 23-12098 and 23-12099) (the “Chapter 11 Cases”) for relief under Chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).”

IMPEL PHARMACEUTICALS INC entered chapter 11 in United States Bankruptcy Court for the Northern District of Texas (petition 2023-12-19).

“filed voluntary petitions (the “Bankruptcy Petitions”) for relief under Chapter 11 of Title 11 of the United States Code 11 U.S.C. §§ 101-1532 (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Northern District of Texas (the “Bankruptcy Court”), thereby commencing Chapter 11 cases for the Company Parties (the “Chapter 11 Cases”).”

EBIX INC entered chapter 11 in United States Bankruptcy Court for the Northern District of Texas (petition 2023-12-17).

“On December 17, 2023 (the “ Petition Date ”), Ebix, Inc. (“ Ebix ” or the “ Company ”) and certain of its direct and indirect subsidiaries (together with the Company, the “ Debtors ”) filed voluntary petitions to commence proceedings under chapter 11 (the “ Chapter 11 Cases ”) of title 11 of the United States Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the Northern District of Texas (the “ Bankruptcy Court ”).”

Lightning eMotors, Inc. entered receivership in District Court, Larimer County, State of Colorado (petition 2023-12-15).

“On December 15, 2023, the District Court, Larimer County, State of Colorado (the “Court”), appointed Cordes & Company as receiver (the “Receiver”) over Lightning eMotors, Inc. and its wholly owned subsidiary, Lightning Systems, Inc. (together, the “Company”).”

Yellow Corp entered chapter 11 in U.S. Bankruptcy Court for the District of Delaware (petition 2023-08-06).

“on August 6, 2023 (the " Petition Date "), Yellow Corporation (the " Company ") and certain of its direct and indirect subsidiaries (collectively, the " Company Parties "), filed voluntary petitions for relief (the " Chapter 11 Cases ") under Chapter 11 of the U. S. Bankruptcy Code in the U. S. Bankruptcy Court for the District of Delaware (the " Bankruptcy Court "). The Chapter 11 Cases are being jointly administered under the caption In re: Yellow Corporation, et al., Case No. 23-11069.”

Harbor Custom Development, Inc. entered chapter 11 in United States Bankruptcy Court for the Western District of Washington (petition 2023-12-11).

“On December 11, 2023 (the “ Petition Date ”), Harbor Custom Development, Inc. (the “ Company ”) and certain of its wholly owned subsidiaries (collectively with the Company, the “ Debtor ”), filed a voluntary petition (the “ Bankruptcy Petition ”) for reorganization under Chapter 11 of the United States Bankruptcy Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the Western District of Washington (such court, the “ Bankruptcy Court ” and such case, the “ Case ”).”

PENNSYLVANIA REAL ESTATE INVESTMENT TRUST entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-12-10).

“Pennsylvania Real Estate Investment Trust (the "Company") and certain of its direct and indirect subsidiaries (collectively, the "Debtors") commenced their respective voluntary chapter 11 cases (the "Chapter 11 Cases") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court").”

Lightning eMotors, Inc. entered receivership in District Court, Larimer County, State of Colorado (petition 2023-12-13).

“On December 13, 2023, Cupola Infrastructure Income Fund, L.L.L.P. filed a complaint and accompanying motion and proposed order, requesting the District Court, Larimer County, State of Colorado (the “Court”), to appoint a receiver (the “Receivership”) over Lightning eMotors, Inc. and its wholly owned subsidiary, Lightning Systems, Inc.”

GPB Holdings II, LP entered receivership in United States District Court for the Eastern District of New York (petition 2023-12-08).

“On December 8, 2023, the EDNY Court entered an order that (i) the Monitorship be converted to a receivership over GPB CH and related entities (the “Receivership Entities”), including the Partnership, and (ii) a litigation injunction be entered (the “Receivership Order”).”

GPB Automotive Portfolio, LP entered receivership in United States District Court for the Eastern District of New York (petition 2023-12-08).

“On December 8, 2023, the EDNY Court entered an order that (i) the Monitorship be converted to a receivership over GPB CH and related entities (the “Receivership Entities”), including the Partnership, and (ii) a litigation injunction be entered (the “Receivership Order”).”

PENNSYLVANIA REAL ESTATE INVESTMENT TRUST entered chapter 11 in United States Bankruptcy Court (petition 2023-12-10).

“On December 10, 2023, the Debtors voluntarily filed the Chapter 11 Cases in the United States Bankruptcy Court.”

Sunlight Financial Holdings Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-12-06).

“On December 6, 2023, the Debtors consummated their reorganization under Chapter 11 of Title 11 of the United States Code, 11 U.S.C. §§ 101-1532 through the transaction with ED Umbrella Holdings, LLC (the “ Plan Sponsor ”) contemplated by the Plan and the Plan became effective.”

Orbital Infrastructure Group, Inc. entered chapter 11 in U.S. Bankruptcy Court for the Southern District of Texas, Houston Division.

“Parties”) filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division (the “Bankruptcy Court”).”

Troika Media Group, Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of New York (petition 2023-12-07).

“each filed a voluntary petition for relief (the “ Bankruptcy Petitions ”) under chapter 11 of the United States Bankruptcy Code”

AppHarvest, Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2023-07-23).

“As previously disclosed, on July 23, 2023, AppHarvest, Inc. (the “ Company ”) and certain of its affiliates (collectively, the “ Debtors ”) filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas (the “ Court ”), thereby commencing chapter 11 cases for the Debtors (the “ Chapter 11 Cases ”).”

AKUMIN INC. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2023-10-22).

“the Debtors filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101-1532 (the "Bankruptcy Code") in the Bankruptcy Court on October 22, 2023”

CONTRAFECT Corp entered chapter 7 in United States Bankruptcy Court for the District of Delaware (petition 2023-12-04).

“On December 4, 2023, ContraFect Corporation (the "Company") ceased operations and filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"), Case No. 23-11943 (the "Bankruptcy Filing").”

Yellow Corp entered chapter 11 in U.S. Bankruptcy Court for the District of Delaware (petition 2023-08-06).

“filed voluntary petitions for relief (the “ Chapter 11 Cases ”) under Chapter 11 of the U. S. Bankruptcy Code in the U. S. Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”).”

Yellow Corp entered chapter 11 in U. S. Bankruptcy Court for the District of Delaware (petition 2023-08-06).

“on August 6, 2023 (the “ Petition Date ”), Yellow Corporation (the “ Company ”) and certain of its direct and indirect subsidiaries (collectively, the “ Company Parties ”), filed voluntary petitions for relief (the “ Chapter 11 Cases ”) under Chapter 11 of the U. S. Bankruptcy Code in the U. S. Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”).”

RVL Pharmaceuticals plc entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-10-12).

“On October 12, 2023 (the "Petition Date"), RevitaLid Pharmaceutical Corp., RVL Pharmaceuticals, Inc. and RVL Pharmacy, LLC (the "Debtors"), each an indirect subsidiary of RVL Pharmaceuticals plc ("RVL plc"), filed voluntary petitions (administered jointly for procedural purposes under lead Case No. 23-11704 (BLS)) (the "Chapter 11 Cases") for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court").”

Golden Developing Solutions, Inc. entered chapter 11 in U.S. Bankruptcy Court for the Southern District of Florida (petition 2023-06-22).

“on June 22, 2023, Golden Developing Solutions, Inc. (the "Company") filed a voluntary petition (the "Chapter 11 Cases") under Chapter 11 of the U.S. Bankruptcy Code (the "Bankruptcy Code") in the U.S. Bankruptcy Court for the Southern District of Florida (the "Bankruptcy Court").”

TREX WIND-DOWN, INC. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-11-17).

“On November 17, 2023, the Company and its affiliates, Timber Pharmaceuticals LLC (“Timber LLC”) and BioPharmX Inc. (“BioPharmX”, and together with the Company and Timber LLC, collectively, the “Debtors”) filed voluntary petitions for relief under Chapter 11 of Title 11 (“Chapter 11”) of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), thereby commencing Chapter 11 cases for the Company and its affiliates (which cases the Company will be asking the Bankruptcy Court to jointly administer under Case No. 23-11878, hereafter, the "Chapter 11 Case").”

Capstone Energy Plus, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-09-28).

“As previously disclosed, on September 28, 2023 (the "Petition Date"), Capstone Green Energy Corporation”

Quanergy Systems, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2022-12-13).

“On December 13, 2022, Quanergy Systems, Inc. (the "Company") filed a voluntary petition (Case No. 22-11305) for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware”

Sunlight Financial Holdings Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-10-30).

“filed with the United States Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”) the Joint Prepackaged Chapter 11 Plan of Reorganization”

Keenova Therapeutics plc entered chapter 11 in U.S. Bankruptcy Court for the District of Delaware (petition 2023-08-28).

“voluntarily initiated proceedings (the “Chapter 11 Cases”) under chapter 11 of title 11 of the United States Code in the U.S. Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) with a prepackaged chapter 11 plan”

Unique Fabricating, Inc. entered chapter 7 in United States Bankruptcy Court for the District of Delaware (petition 2023-11-08).

“On November 8, 2023, the Company filed a voluntary petition for relief under chapter 7 ("Chapter 7") of Title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Delaware ("Bankruptcy Court") thereby commencing a Chapter 7 case for the Company.”

WeWork Inc. entered chapter 11 in United States Bankruptcy Court for the District of New Jersey (petition 2023-11-06).

“On November 6, 2023 (the “Petition Date”), WeWork Inc. (“WeWork” or the “Company”) and certain of its direct and indirect subsidiaries (together with the Company, the “Debtors”) filed voluntary petitions to commence proceedings under Chapter 11 (the “Chapter 11 Cases”) of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of New Jersey (the “Bankruptcy Court”).”

Yellow Corp entered chapter 11 in U.S. Bankruptcy Court for the District of Delaware (petition 2023-08-06).

“Item 1.03. Bankruptcy or Receivership. The information set forth under Item 1.01 of this Current Report on Form 8-K regarding the Rolling Stock Agency Agreement is incorporated herein by reference.”

Sunlight Financial Holdings Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-10-30).

“On October 30, 2023 , Sunlight Financial Holdings Inc. (the “ Company ”) and each of its wholly owned subsidiaries”

GELESIS HOLDINGS, INC. entered chapter 7 in United States Bankruptcy Court for the District of Delaware (petition 2023-10-30).

“On October 30, 2023, after considering all strategic alternatives, Gelesis Holdings, Inc. (the "Company"), together with its U. S. subsidiaries, Gelesis, Inc., and Gelesis, LLC, ceased operations and filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware Case No. 23-11787 (the “Bankruptcy Filing”).”

AKUMIN INC. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2023-10-22).

“On October 22, 2023, the Debtors filed with the Bankruptcy Court the Joint Prepackaged Chapter 11 Plan of Reorganization of Akumin Inc. and Its Debtor Affiliates”

AKUMIN INC. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2023-10-22).

“On October 22, 2023, the Company and certain of its affiliates (collectively, the "Debtors") filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101-1532 (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"), thereby commencing chapter 11 cases for the Debtors (the "Chapter 11 Cases").”

UpHealth, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-10-20).

“On October 20, 2023 (the “Petition Date”), Thrasys, Inc., a California corporation and a wholly-owned direct subsidiary of UpHealth Holdings, and its sole subsidiary, Comprehensive Care Alliance, LLC, a California limited liability company (collectively, “Thrasys”), and Behavioral Health Services LLC, a Missouri limited liability company and a wholly-owned direct subsidiary of UpHealth Holdings, and each of the subsidiaries of Behavioral Health Services LLC (collectively, “BHS” and together with UpHealth Holdings and Thrasys, the “Debtors”), filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code (together with the UpHealth Holdings Chapter 11 Case, the “Chapter 11 Cases”) in the Bankruptcy Court.”

RVL Pharmaceuticals plc entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-10-12).

“filed voluntary petitions (Case No. 23-11704 (BLS)) (the “Chapter 11 Cases”) for relief under Chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware”

RITE AID CORP entered chapter 11 in United States Bankruptcy Court for the District of New Jersey (petition 2023-10-15).

“On October 15, 2023 (the “ Petition Date ”), Rite Aid Corporation (“ Rite Aid ” or the “ Company ”) and certain of its direct and indirect subsidiaries (together with the Company, the “ Debtors ”) filed voluntary petitions to commence proceedings under chapter 11 (the “ Chapter 11 Cases ”) of title 11 of the United States Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the District of New Jersey (the “ Bankruptcy Court ”).”

RITE AID CORP entered chapter 11 in United States Bankruptcy Court for the District of New Jersey (petition 2023-10-15).

“On October 15, 2023 (the “ Petition Date ”), Rite Aid Corporation (“ Rite Aid ” or the “ Company ”) and certain of its direct and indirect subsidiaries (together with the Company, the “ Debtors ”) filed voluntary petitions to commence proceedings under chapter 11 (the “ Chapter 11 Cases ”) of title 11 of the United States Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the District of New Jersey (the “ Bankruptcy Court ”).”